sean1 said:
It is only a matter of time before they take on a bank.
US banks are protected under the UIGEA.
1. The 1961 Wire Act does not make it illegal to place a bet, but it is illegal to book one.
2. The UIGEA act makes it illegal to transfer funds for activities already defined by either Federal or State Law as illegal gambling. The US banks have no liability if they follow the regulations, yet to be drafted.
That way the US DOJ can indict foreigners passing though the US while its own citizens, includung millions of gamblers, are largely immune.
Its the American way.